Welspun India kicksin Capex cycle lining up Rs. 600 crore for expansion projects
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11th August 2021, Mumbai:
India’s leading & one of prominent global home textiles giant Welspun has lined up (CAPEX) capital expenditure of approx Rs. 600 crore in the current fiscal for completing expansion projects across its three business verticals.
With demand tailwind company is experiencing & on the back of the fact that expansion will kick off it expects its top line to grow by over 15% in FY22, company is believed to be expanding its capacity through debottlenecking and rebalancing at both the plants, triggering incremental capacity for HOME FASHION (towels, bed linen), rugs, and carpets side of business.
Downside risks
WHILST external environment continues to remain unpredictable, given the looming 3rd wave of the pandemic.
Way forward
Sustainable resilience and adapting to fast changing trade landscape is the key to success for this 'Global Envy & Nation's Pride'
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